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Comparison of RiskyProject
Professional vs Lite versions
Intaver Institute Inc.
303, 6707, Elbow Drive S.W, Calgary, AB, Canada
Tel: +1 (403) 692-2252
Fax: +1 (403) 259-4533
www.intaver.com
Intaver Institute Inc.
RiskyProject Lite and Professional: Descriptions
RiskyProject Professional
RiskyProject Lite
Monte Carlo Schedule Risk Analysis Software
Advanced Project Risk Management and Schedule
Risk Analysis Software
RiskyProject Lite is a project risk analysis
software. RiskyProject Lite includes schedule risk
analysis, cost risk analysis, risk register, risk
adjusted Gantt chart, multiple reporting view.
Project managers can use RiskyProject Professional for
planning, scheduling, quantitative and qualitative risk
analysis, and performance measurement of projects
with multiple risks and uncertainties.
RiskyProject Lite is designed for project managers
without advanced knowledge of risk analysis
theory. With it, you can create a project schedule
or use project schedule from Microsoft® Project,
Oracle® Primavera, or other project management
applications.
Project risk management:
• risk register
• risk ranking
• customizable risk matrix
• risk response and mitigation plans
• risk mitigation waterfall chart
Monte Carlo schedule risk analysis:
• works as standalone and Microsoft Project Add-In
• integrated with Primavera and other project
management software
• multiple statistical distributions
• replacement for Risk+
Comprehensive quantitative analysis and reporting
Tracking with risks and uncertainties
Once you have your schedule, just define your
risks using risk register and calculate the schedule
to determine your risk profile.
18/02/2015
Intaver Institute Inc.
2
Statistical Distributions
In RiskyProject Lite statistical
distribution are hidden. You may
view Low, Base, and High results
of analysis.
RiskyProject Professional
has statistical distributions
for all tasks and the project
Exception: Microsoft Project Add-in
18/02/2015
Intaver Institute Inc.
3
Defining Uncertainties
RiskyProject Professional has
interface to define statistical
distribution.
In RiskyProject Lite there is no
interface to define statistical
distribution for cost and
duration. You may only define
low, base, and high estimates.
Internally it will become
triangular distribution.
18/02/2015
Intaver Institute Inc.
4
RiskyProject Toolbar in Microsoft Project
RiskyProject Professional Toolbar
Scatter Plot for RiskyProject Professional Only
Additional Views
RiskyProject Lite Toolbar
Both RiskyProject
Professional and
RiskyProject Lite are
seamlessly
integrated with
Microsoft Project
18/02/2015
Intaver Institute Inc.
5
Risk Register
Risk Register is the
same for
RiskyProject Lite
and RiskyProject
Professional
Both RiskyProject Lite and RiskyProject Professional can be used as a client for RiskyProject Enterprise
RiskyProject Enterprise
RiskyProject Professional
18/02/2015
Database
Intaver Institute Inc.
RiskyProject Lite
6
Risk Drag’n’Drop View
In RiskyProject Lite you would
need to assign risks to tasks
using Risks tab
Risk Drag’n’Drop view is
available only in
RiskyProject Professional
18/02/2015
Intaver Institute Inc.
7
RiskyProject Lite and Professional: Views
RiskyProject Lite
RiskyProject Lite has fewer analytical and reporting
views.
18/02/2015
RiskyProject Professional
RiskyProject has additional views:
- Project summary
- Cost analysis
- Cash Flow
- Risk Chart
- Sensitivity Analysis (Tornado diagram)
- Success Rate
- Critical Tasks
- Tracking Gantt
- Five reporting views
Intaver Institute Inc.
8
Cost Analysis
Cost with Risks
Cost without risks
Actuals
Cumulative probabilistic
cost analysis view is
available only in
RiskyProject Professional
18/02/2015
Intaver Institute Inc.
9
Sensitivity Analysis
Sensitivity analysis view is
available only in
RiskyProject Professional
18/02/2015
Intaver Institute Inc.
10
Baselines
Baselines (schedule
snapshots) are available
only in RiskyProject
Professional
18/02/2015
Intaver Institute Inc.
11
Probabilistic and Conditional Branching
Conditional and
probabilistic branching is
available only in
RiskyProject Professional
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Intaver Institute Inc.
12
Cost vs. Duration Scatter Plot
RiskyProject Professional has Cost vs. Duration Scatter
Plot
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Intaver Institute Inc.
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Additional Resources
•
•
•
•
White Papers and Articles: http://www.intaver.com/index-whitepapers.html
Online Tutorials: http://www.intaver.com/index-tutorial4.html
Project Decisions: http://www.projectdecisions.org
YouTube Channel: https://www.youtube.com/channel/UCh3WQGV3vQAR0kdTJPlNwvQ
Contact Details
Michael Trumper
Intaver Institute Inc.
[email protected]
403.692.2252
18/02/2015
Project Think:
Why Good Managers Make Poor
Project Choices
Project Decisions: The Art and Science
Introduction to Project Risk
Management and Decision Analysis
Intaver Institute Inc.
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